Alibaba, Meituan units summoned by Chinese regulator for ‘unfair competition’ during Singles’ Day festival

Nov 10, 2021 | INVESTING

A local market watchdog summoned 16 e-commerce platform operators – including a branch under Alibaba Group Holding, Meituan’s group-buying business, and Vipshop – to warn them against “unfair competition” activities and other business malpractice, as Beijing’s ongoing antitrust crackdown weighs on Big Tech companies during this year’s Singles’ Day festival.In a meeting last Friday, the Guangdong Administration for Market Regulation accused the companies of various irregularities including…

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